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Forex Flash: EUR/USD directly offered while below 1.3037/50, targets 1.2679/61 – Commerzbank

Commerzbank analysts have a negative outlook as the market remains directly offered intraday below 1.3037/50 and targets 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low), “Longer term we target the 78.6% Fibonacci retracement at 1.2400 and then 1.2042, the 2012 low”, wrote analyst Karen Jones.
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Forex: GBP/USD flat ahead of UK GDP figures

The sterling is trading almost unchanged from yesterday’s close in the vicinity of 1.5155/60, ahead of the final GDP figures in the UK during the fourth quarter of 2012. Prior surveys expect the British...
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